Is your Christmas shopping list never-ending? The truth is, you’re not alone.
Don’t be intimidated by the “I get all my Christmas shopping done in November” types - their early shopping schedule doesn’t necessarily make them better Christmas shoppers.
You’ve still got plenty of time up your sleeve to cross things off your list, and a whole bunch of chances to prove your shopping savvy by earning some serious rewards points on your credit card.
“Using a rewards card for Christmas shopping can be a great tactic for building up your points stash and adding value to your spend, but it’s all about shopping smart,” Mozo Director, Kirsty Lamont said.
“Don’t treat it as an excuse to go on a spending frenzy on the hunt for more points. You have to be realistic about what’s suitable for your budget, and maximise the value of the spending you’re planning to do anyway.”
So if you’re ready to flash your plastic at the checkout this Christmas, here’s how to get the best rewards bang for your Christmas buck.
Use your card whenever you shop
The more you use your rewards credit card, the more points you can rack up. So whether it’s buying gifts, doing the festive grocery shop or buying flights to visit relatives, there are always points to be earned!
Just remember that you don’t want to spend more than you usually would just for the sake of earning points. Make sure your spending fits within your budget and that you are able to pay down the bill in full at the end of the month, or at least have an achievable repayment plan in place (factoring in sometimes steep interest rates!)
Shop at partner businesses
Another key thing to remember when using a rewards credit card for holiday shopping is that heading to certain retailers that are partnered with your rewards program can earn you bonus points. Because, yes you guessed it, that’s where grandma is getting her gift from this year. Do a little bit of homework and map out where buying particular items could earn you bonus points, it may mean doubling or even tripling your points earnings!
Get a supplementary card
If you’re looking to double your rewards points earn, double the amount of cards your have (or triple, if you really feel like it). By applying for a supplementary card that’s linked to your account, you can cash in on other people’s Christmas shopping - get your partner or another family member to use the card for all their purchases too. More spends, more points!
With this tactic, just keep in mind that while you’ll the benefit of extra points, you’ll also be responsible for paying off any spending done on supplementary cards - so only give them to people you trust.
Look for bonus points offers
Got a new rewards card or already in the market for one? Keep an eye out for bonus points offers, which could see you earn a tonne of points straight off the bat. In most cases bonus points offers come with conditions, like spending a certain amount in the first 3 months, but since Christmas is generally a time of heightened spending it may be the perfect time to take advantage and knock out that spend requirement.
If this has got you keen to start earning rewards points, check out these hot bonus points offers.